Source: Kelly (Pexels)
China may need up to 4,300 gigawatts of battery storage capacity by 2050 to address the intermittency of renewable energy, intended to limit global warming to 1.5°C, Rystad Energy reported.
At present, China has the capacity to help limit global warming to 1.9°C. In this scenario, the market would only need a battery storage capacity of only 1,084GW.
On top of this, in pursuit of the 1.5°C scenario, Rystad Energy projected that China will need to more than double its solar photovoltaic and onshore wind capacity.
“This would enable China to displace coal generation at a much faster pace, reducing emissions from the power sector to close to zero megatonnes by 2050,” the report read.
“The 1.5°C goal is very ambitious but could still be feasible. China is the world’s largest manufacturer of solar PV panels with a current manufacturing capacity of 425 GWAC per year, which is expected to reach 613 GWAC per year by 2030.”
